Iran nuclear deal has analysts holding their breath on gas prices

The same trend is seen across the country as prices are more than 46 cents higher than this time a year ago.

According to a Monday press release from AAA, Sunday's national gas price average stood at $2.81, while Tennessee's gas prices stood at $2.59.

AAA Mid-Atlantic says drivers could see higher prices at the pump due in part to the re-imposition of economic sanctions against Iran.

In the Quad Cities the average is at $2.68, whereas in Bloomington-Normal it's $2.60. But the price was as low as $2.53 at many stations across the area. The Massachusetts price is five cents below the national average for regular unleaded of $2.81.

DeHaan said depending on how people respond to President Trump backing out of the Iran nuclear deal, that may cause prices to go up as well, but only time will tell.

Although Florida has avoided the full brunt of higher gas prices this week, USA crude oil prices have passed $70 a barrel and fuel costs are expected to rise.

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Prices could continue to climb after President Donald Trump decided this week to sanction Iran, the world's fifth largest oil producer.

State of Tennessee- $2.58, down 0.7 cents per gallon from last week's $2.59. If the White House follows through canceling the deal and imposing new sanctions, it could remove as many as a million barrels a day from the global market.

As of May 8, 2018, national average sits at $2.81 a gallon, which is almost 50 cents more than this time previous year. Among eastern states, only Pennsylvania has an average price that high.

According to AAA, gas prices were expected to taper off after Memorial Day. Also pushing prices higher is the shift to a summer blend of gasoline that reduces smog.

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com. Today's price is 14 cents higher than last year's highest price, which was $2.67 on September 8, 2017.

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